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Quarterly Report For The Financial Period Ended 30 June 2017

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Unaudited Condensed Consolidated Statements Of Comprehensive Income
For The Financial Period Ended 30 June 2017

Unaudited Condensed Consolidated Statements Of Comprehensive Income


Unaudited Condensed Consolidated Statements Of Financial Position
As At 30 June 2017

Unaudited Condensed Consolidated Statements Of Financial Position

Review of Performance for the Current Quarter and Financial Year-to-date

The Group total revenue increased by 29.15% from RM18.07 million to RM23.34 million in the current quarter compare to the preceding correspondence quarter. This mainly derived from the Online Gmaes business segment where purchases by resellers in anticipation of the annual online game tournament.

Despite the increased of total revenue, the Group recorded a loss before taxation of RM0.59 million in the current quarter compared to a profit before taxation of RM0.04 million in the correspondence quarter a year ago. This is mainly due to the lower profit margin in the IT business segment and the high operation costs in the Online Games business segement.

Performance of the respective operating business segment for the current quarter and financial year-to-date is analysed as follows:-

  1. IT Business

    Revenue of the IT business segment in the current quarter was RM2.50 million compare to RM2.76 in the correspondence quarter a year ago, a drop of 9.42%. The drop of revenue cope with the lower profit margin has resulted a loss of RM0.33 million in the current quater compared to a loss of RM0.12 million a year ago.

    The revenue in the current financial year-to-date decreased from RM5.54 million to RM5.39 million, a drop of 2.78% comapred to the correspondence year-to-date a year ago. The segment has report a year-to-date loss of RM0.46 million compared to a profit of RM0.03 million in the preceding correspondence year-to-date. THis is mainly due to the higher competition in the IT Industry which strain the business profit margin.

  2. Online Games

    Revenue of the Online Games segment in the current quarter was RM20.84 million compare to RM15.31 million in the preceding correspondence quarter, an increase of 29.15% was mainly resulting from the overwhelming in the annual online games tournament. Despite the increased in revenue, the Online Games segment was reported a loss of RM0.26 million in the current quarter compared to a profit of RM0.16 million a year ago. THis is mainly due to high operation costs.

    Revenue in the current financial year-to-date increased from RM32.78 million compare to RM26.84 million in the preceding correspondence year-to-date a year ago. Despite the overwhelming of the annual online games tournament, the business segment reported a year-to-date loss of RM0.34 million compared to a profit of RM0.69 million in the preceding year corresponding year-to-date. This is mainly due to high operation costs and recoverable of impairment loss on trade receivables of RM0.5 million recorded in the preceding year correspondence year-to-date.

Future Prospects

The business environment of the Group remain challenging and competitive in the 2nd half of 2017. The management will continue to review the business strategy to improve the overall cost structure and proactively searching and exploring new sales and market opportunities from its existing customers base and new prospects.